Filed under: Etc.,
Porsche,
Volkswagen
There's no record of
Volkswagen actually asking for one, but in case they wanted a seat on
Porsche's management board,
Porsche has said, "Uh, nein." That's the word from
Porsche Automobil CFO Holger Härter, who forms half of the management board. The other half is
Porsche CEO Wendelin Wiedeking. Nor will the company's charter and co-determination agreements be altered. He did, however, open the door to adding more members in the future.
The worker's board will remain three
Porsche and three
Volkswagen reps, even should
Porsche up its stake in
Volkswagen to 51-percent.
Porsche currently owns 31-percent, but if the European Court of Justice strikes down the so-called
Volkswagen Law that limits a shareholder's voting stake, it will move to take control of
Volkswagen.
[Source: Auto News] Read | Permalink |
